The world’s top art figures celebrated Art Basel Miami Beach at Aby Rosen’s exclusive party — where even iconic Paloma Picasso danced with others on top of a banquette till 1:30 a.m.

Picasso — the 67-year-old daughter of the famed artist and Françoise Gilot — was a former staple at New York’s Studio 54 with Andy Warhol, and on Thursday night the French-born member of international art royalty was seen getting down during a surprise performance by rapper Gucci Mane, cooling herself with an elegant red fan.

At the packed party at Wall nightclub, Picasso told us: “This is as good as Studio 54! It is a great time.”

The Tiffany jewelry designer celebrated with younger members of the Picasso family, all in town for Art Basel. She was also surrounded by Paris Hilton and Princess Eugenie, who’s an associate director at gallery Hauser & Wirth, plus curator Jeffrey Deitch, newlywed collectors Tico and Colby Mugrabi, auctioneer Simon de Pury and billionaires like Richard and Karen LeFrak and Google’s Eric Schmidt.

Many of the big names came directly to the annual after-party next door at Wall, co-hosted by Vito Schnabel, Stavros Niarchos and Dom Pérignon, where in-demand Mane — released from prison this year — performed three songs including his hit, “Black Beatles.”